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Thanks to an aging population that requires more care and the need for medical office visits when a patient is ill or has a chronic disease, medical offices remain in demand. As a result, in the first quarter of 2023, the national medical office vacancy rate was only 9.2% — just under half the 17.5% vacancy rate for traditional offices.
Palm Medical Centers is expanding into Texas with the acquisition of Texas Family Medicine and Fort Worth Primary Care with both shifting to the Palm Primary Care Texas brand. Palm Medical Centers will also establish its Texas corporate office in Fort Worth as it expands into the state.
According to a recent report, there are five reasons why medical office buildings could be a good investment for physicians due to their stability and upside potential.
MedSpace USA is a national healthcare real estate development firm based in Florida offering a full range of development services.
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